New Jersey's Gaming Revenue Hits a Decade High: The Rise of Online and Sports Betting
New Jersey's gaming industry has just hit a jackpot, recording a staggering 8.2% increase in total gaming revenue for July 2024, reaching a whopping $547.8 million. This achievement marks a significant milestone, as it's the highest total gaming revenue for July observed in over ten years. The surge was primarily driven by the booming internet gaming sector and a strong showing from sports wagering revenue. However, it wasn't all chips and wins; the traditional in-person gaming revenue saw a dip, sparking conversations and concern within the industry circles.